Naguib Sawiris

8. Naguib Sawiris

Net Worth: $3.8 B
Age: 69
Residence: Egypt
Nationality: Egyptian
Industry: Telecom

Naguib Sawiris is a scion of Egypt's wealthiest family. His brother Nassef is also a billionaire. He built a fortune in telecom, selling Orascom Telecom in 2011 to Russian telecom firm VimpelCom (now Veon) in a multibillion-dollar transaction. He's chairman of Orascom TMT Investments, which has stakes in an asset manager in Egypt and Italian internet company Italiaonline, among others. He also developed a luxury resort called Silversands on the Caribbean Island of Grenada.